Posted on: November 30, 2020

Sonali Bank (UK), located in London and Birmingham, is the only UK-based Bangladeshi Bank and is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. Sonali Bank (UK) has been serving the Bangladeshi Community in the UK since December 2001.

Whistlebrook, located in Tring, was chosen to provide Sonali Bank (UK)’s Treasury Management System to support the treasury function at Sonali Bank (UK).

The WTMS® deployment project has been a great example of a very successful close collaboration between Whistlebrook and Sonali Bank (UK). Sonali Bank (UK) required Whistlebrook to introduce new functionality into the WTMS® system to allow the Bank to manage its trade finance operation and offer multi – currency treasury products . In addition further WTMS® functionality was requested, and added, to meet some very specific needs of Sonali Bank (UK)’s treasury function.

Head of Business Development and Marketing at Sonali Bank (UK), Doug Bate, said: “We wanted to select a proven and cost effective replacement for our legacy front end treasury system. Sonali Bank (UK) and Whistlebrook have been working together on this project since early 2019. In that time have developed a deep working relationship built on joint trust and respect and the work that we have now completed together has resulted in a system that caters for all our treasury management requirements.”

Whistlebrook’s Company Director Andy Hudders, said: “We are delighted that Whistlebrook has worked very well with Sonali Bank (UK) to successfully implement WTMS®. As most people know, the financial services marketplace is constantly evolving. As a result, we focus on close collaborations with our clients, to ensure that our products continue to provide real benefits to our customers.”

Whistlebrook has specialised in providing innovative, back office, software systems to the financial services sector since 1997. In that time, the company has become a long-established and trusted supplier to organisations within the finance industry.

The company has built up a very successful portfolio of software applications that can be installed on their own, or as an integrated suite of two or more applications that can deliver extra benefits by sharing information.

Their customers range from investment management firms, through banks of varying size, to two of the three largest building societies.

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